Solved

In Order to Maximize His or Her Utility,a Consumer Must

Question 147

Multiple Choice

In order to maximize his or her utility,a consumer must allocate his or her entire budget and


A) buy the combination of goods that makes the marginal utility per dollar from all goods as small as possible.
B) buy the combination of goods that equalizes the total utility per dollar from all goods.
C) do nothing else because when the entire budget is allocated, utility is maximized.
D) buy the combination of goods that equalizes the marginal utility per dollar from all goods.
E) buy the combination of goods that makes the marginal utility per dollar from all goods as large as possible.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions